In the wake of rising anti-competitition fears, top executives from eight domestic tech companies, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary committee on Thursday to discuss the market behavior of technology platforms.
The former Union Minister and BJP leader Jayant Sinha, who chaired the Parliamentary Standing Committee on Finance, has been looking into various aspects of competition in the marketplace, especially with respect to technology corporations.
Sinha told PTI that the panel has decided to call on representatives from various technology platforms, e-commerce companies, and gaming companies to appear before it soon, and they will be asked primarily about their market habits.
The panel includes representatives from food delivery platforms Swiggy and Zomatoe-commerce player Flipkartcab aggregator Olahotel aggregator Paytm, MakeMyTrip, and the All India Gaming Association.
On July 21, a notice available on the Lok Sabha website will invite representatives of associations and industry stakeholders to speak on the subject of anti-competitive practices by big-tech companies.
PayTM founder Vijay Shekhar Sharma, Ola CFO Arun Kumar, MakeMyTrip Chairman and Chief Mentor Deep Kalra, Zomato CEO Deepinder Goyal, and Oyo founder and Group CEO Ritesh Agarwal have all confirmed to the panel to participate in the meeting.
Avantika Bajaj, Swiggys' vice president and group general counsel, and All India Gaming Federation CEO Roland Landers, have all said that they will participate in the meeting. In recent times, there have been complaints about various technology platforms and companies' anti-competitive practices.
Following complaints of alleged unfair business practices, the Competition Commission of India (CCI) is already investigating various cases.
The CCI presented a lecture to a parliamentary committee on April 28.
Sinha said the panel discussed well with officials from the Ministry of Corporate Affairs, the Ministry of Electronics and Information Technology, and CCI following that meeting.